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§ 6a-9-327 — Rhode Island Law | CourtGPT
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  2. Laws/
  3. Rhode Island/
  4. Title 6a - Uniform Commercial Code/
  5. Chapter 6a 9/
  6. Part 3 - Perfection and Prioritysub/
  7. Subpart 3 - Priority/
  8. § 6a-9-327
Rhode Island Legal Code

§ 6a-9-327

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The following rules govern priority among conflicting security interests in the same deposit account: (1) A security interest held by a secured party having control of the deposit account under § 6A-9-104 has priority over a conflicting security interest held by a secured party that does not have control. (2) Except as otherwise provided in paragraphs (3) and (4), security interests perfected by control under § 6A-9-314 rank according to priority in time of obtaining control. (3) Except as otherwise provided in paragraph (4), a security interest held by the bank with which the deposit account is maintained has priority over a conflicting security interest held by another secured party. (4) A security interest perfected by control under § 6A-9-104(a)(3)has priority over a security interest held by the bank with which the deposit account is maintained. History of Section.P.L. 2000, ch. 182, § 6; P.L. 2000, ch. 420, § 6.